Tks for your insights Yuki I did reply previously but that post appears to have gone into the ether. I enjoy short-term trading. I have an avg trade length of only 4 bars. So using volume is always going to be difficult. I did build a short-term entry volume confirmation indicator (see below) but it the entry signals still come from my momentum indicator come hell or high water. Regds Gerard
// Trading Volume Positivity CondA= IIf(WMA(C,10)>Ref(WMA(C,10),-1),WMA(V,10),-WMA(V,10)) ; C1=CondA-Ref(CondA,-1); C2=CondA-Ref(CondA,-2); C3=CondA-Ref(CondA,-3); C4=CondA-Ref(CondA,-4); C5=CondA-Ref(CondA,-5); C6=CondA-Ref(CondA,-6); C7=CondA-Ref(CondA,-7); C8=CondA-Ref(CondA,-8); C9=CondA-Ref(CondA,-9); C10=CondA-Ref(CondA,-10); C11=CondA-Ref(CondA,-11); C12=CondA-Ref(CondA,-12); C13=CondA-Ref(CondA,-13); C14=CondA-Ref(CondA,-14); C15=CondA-Ref(CondA,-15); CA= (C1+C2+C3+C4+C5+C6+C7+C8+C9+C10)/10 ; Plot( CA,"T Volume Positivity",1,4); Plot( 0,"",4); GraphXSpace=5; --- In [email protected], Yuki Taga <[EMAIL PROTECTED]> wrote: > > Hi Gerard, > > Tuesday, September 12, 2006, 7:33:13 AM, you wrote: > > GC> Yuki > > GC> As one who has always had considerable difficulty incorporating > GC> volume usefully into any of my trading strategies I would second > GC> Ken's motion. > GC> My strategy has long been to check vol level at entries. If volume is > GC> up, that's good! - that helps confirm the entry. > GC> If it's not up, or in fact down, who cares? > GC> Any light you can throw on the subject would be appreciated. > > As I say, it's probably a matter of time frames. One day's volume is > pretty meaningless, although one day's volume should, under certain > circumstances, cause a symbol to be glued to the radar screen. But no > major market advance of any consequence, none whatsoever in the > history of equities anywhere, ever, comes without an obvious and > marked increase in volume over the period that preceded it. These > advances are also the easiest times in which to make a quick killing. > > Can one make money ignoring volume? Sure. I have very short > patterns that ignore volume. But this is grinding it out, and quite > frankly, is not for the inexperienced or faint of heart. When volume > comes into the equation is when small fortunes are made -- and I > don't mean out of big fortunes, either. ^_^ > > It is because the easy money is made by observing volume, quickly > recognizing when it is screaming, and acting on that recognition, > that no one should ever be told to ignore volume. Volume is usually > *not* screaming of course. It takes patience and experience to > differentiate the real from the imagined. But it *always* screams > eventually, and this is *always* when the low hanging fruit is > begging to be picked. > > One can certainly trade without it. It's just not as easy, and one > won't trade as often. As I say, many lack the patience. > > Yuki > Please note that this group is for discussion between users only. To get support from AmiBroker please send an e-mail directly to SUPPORT {at} amibroker.com For other support material please check also: http://www.amibroker.com/support.html Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/amibroker/ <*> Your email settings: Individual Email | Traditional <*> To change settings online go to: http://groups.yahoo.com/group/amibroker/join (Yahoo! ID required) <*> To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
